My younger brother's car makes about that amount of power now, albeit his is a bit heavier. Still A handful though. He could easily make 100-200bhp more if he had a spare $3-4k
Incidently,
this (
NOTE contains one small swear word) is what that kind of power (well, a bit more, i'd say about 650bhp, and at the wheel, not crank) can do if you are a numbnuts who can't drive.